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Non-Accelerating-Inflation Rate of Unemployment (NAIRU): This theory is a variant of neoclassical natural rate of unemployment. As in original natural rate theory, NAIRU advocates
What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities
discuss how economic theory of marginal utility explains the optimum pattern of consumption for an individual consumer
Ask qExplain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the com
causes and effect of the unemployment
impact of computer technology on nigerian economy
opportunity cost
1. Suppose that there is a credit market imperfection because of asymmetric information. In the economy, there are N consumers. A fraction b of consumers consists of lenders, who e
What the definition of microeconomic
compare and contrast adam smith''s theory of absolute advantage theory and david ricardo''s comparative advantage theory of international trade.
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